Kiva launches Kiva.org/women and Partners with Dermalogica to Give Away $100,000 in Loans
Mar 6 2012
The following is a guest post from Kiva’s press team:
Kiva launches Kiva.org/women and Partners with Dermalogica’s joinFITE to Give Away $100,000 in Loans to Women around the World
KivaFor those of you who have made loans on Kiva.org in the past, this will come as a piece of good news. For those who haven’t – it’s a double whammy: you’re being introduced to Kiva AND finding out about their newest venture!
First, here’s what Kiva does, in a nutshell: Kiva.org is the world’s first and largest microlending website where anyone, anywhere can help alleviate poverty and empower entrepreneurs across the globe through loans as small as $25. Lending through Kiva creates a ripple effect in a local economy because with as little as $25, you enable an entrepreneur to build their business and bring goods to their community. As these businesses grow, so do other opportunities: to employ other members of the community, or to make enough money to send their children to school and learn to perhaps become business owners themselves one day. So your $25 loan might help lift an entire village out of poverty!
The best part: When the loan is repaid, you can choose to re-lend your money to help another entrepreneur, maintaining a growing cycle of progress. If you want to read some wonderful entrepreneur stories for yourself, check out how Flaura’s photocopy business, Kumri’s sewing shop, Glory’s goats and Grace’s peanut butter came about or reached their potential thanks to Kiva loans.
The latest piece of good news from the folks at Kiva is that, in honor of International Women’s Day, they are launching Kiva.org/women on March 7, 2012 to help empower women and create sustainable change.
To kickstart it, Dermalogica’s joinFITE program is funding a $100,000 Kiva Women free trial program. What does this mean for you? Free money! You’ll be able to make $25 loans to a female borrower of your choice without fronting a single penny (for as long as the Dermalogica money lasts).
Just for the record, Kiva has already been helping women around the world: since its launch in 2005, more than 80% of the loans funded through Kiva have been to women borrowers in 60 countries including the United States. Kiva has connected more than 600,000 women borrowers to nearly 650,000 lenders, crowdfunding more than $200 million in loans to women.
Because women have proven to be such massive agents of change in impoverished communities when given a minimum of resources, this program is designed to focus specifically on them.Aruni | Filed under: diversity, entrepreneurship, fundraising, FYI, guest post, parent stories, working mother | Tags: dermalogica, kiva, loans to women, microlending, women entrepreneurs | Comments Off on Kiva launches Kiva.org/women and Partners with Dermalogica to Give Away $100,000 in Loans